In an announcement on May 28, the food ministry allocated a monthly sugar quota of 25.50 lakh metric tonnes (LMT) for June 2024, which is 2 LMT higher than the quantity allocated in June 2023 (23.50 LMT). It will be applicable from June 1, 2024.
In May 2024, the allocated sugar quota for domestic sale was 27 LMT.
According to market experts, sugar quota of 25.50 LMT will be sufficient for the domestic market considering increase in prices in month of May. The market is expected to remain range-bound.
